From the economic point of view, why might a sophomore in college spend a great deal of time getting to know an attractive classmate rather than getting to know the issues behind the president's deficit-reduction policies?
A) She is selfish.
B) She considers it a more productive use of her time.
C) She obviously has no interest in politics.
D) The federal budget deficit cannot possibly affect her life.
B
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A firm that practices group price discrimination will set the lower price in the market that has the most elastic demand
Indicate whether the statement is true or false
Suppose expected inflation and actual inflation are both low, and unemployment is at its natural rate. If the Fed then pursues an expansionary monetary policy, which of the following results would be expected in the short run?
a. The short-run Phillips curve would shift to the left. b. The short-run Phillips curve would shift to the right. c. The economy would move up and to the left along a given short-run Phillips curve. d. The economy would move down and to the right along a given short-run Phillips curve.
Authoritarian political regimes
What will be an ideal response?
Which of the following will be least effective in dealing with the structural adjustment problems?
A. A fall in domestic labor costs B. Trade restrictions that raise foreign goods prices C. A rise in foreign labor costs D. A fall in foreign goods prices